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RESOLUTION NO , 2011 - 100 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA , SETTING FORTH THE BOARD ' S POSITION ON THE REFERENDUM QUESTION SCHEDULED FOR THE NOVEMBER 8 , 2011 ELECTION , RELATING TO LEASING OF THE CITY ' S POWER PLANT SITE IN CONNECTION WITH THE POSSIBLE SALE OF THE CITY ELECTRIC UTILITY WHEREAS , on November 3 , 1981 , the Florida Public Service Commission ( " PSC " ) approved a Territorial Agreement between the City of Vero Beach ( " City" ) and Florida Power & Light ( " FPL " ) which established electric service areas for the City and FPL in Indian River County . Specifically , the electric service area for the City was defined to include the City itself, the Town of Indian River Shores , the south barrier island , and other unincorporated areas of the County , and the service area for FPL was defined to include all other areas of the County ; and WHEREAS , on April 4 , 2011 , the City received a Letter of Intent from FPL expressing an interest in purchasing the City ' s electric utility , such that FPL would provide electric service to the entire County ; and WHEREAS , section 5 . 05 of the City Charter provides that the present site of the City' s electric power plant " may not be sold , leased , traded , or given away by the city unless such sale , lease trade , or gift is approved by a vote of the electors of the City of Vero Beach " ; and WHEREAS , pursuant to section 5 . 05 of the City Charter , the City Council voted to submit the following question for referendum at the November 8 , 2011 election : " Referendum on Lease of City Power Plant Site Do you approve of the lease of the City of Vero Beach power plant site north of the 17`" Street Bridge , west of the Indian River , and east of Indian River Boulevard , with the City retaining ownership of the land , for the purpose of selling the City electric utility if the City Council finds that such sale is beneficial to the citizens of Vero Beach ? Yes , for approval No , for rejection " ; and WHEREAS , the Board of County Commissioners is interested in the referendum question , as the elected representative of a significant number of customers of the City' s electric utility , and as a substantial customer itself of the City ' s electric utility ; and WHEREAS , under the circumstances , it is appropriate for the Board of County Commissioners to express its view on the referendum question , 1